Onboarding
as a Service
Onboarding as a Service offers you customised and modular boarding services tailored to your industry, your area of operation and your risk tolerance. We guarantee a seamless, compliant and cost-effective onboarding support resources for you and your customers/merchants.
Let your customers experience a seamless onboarding journey with our services.
Whether you are onboarding a merchant or an individual, Payreto has several solutions for you.
Data Collection (Merchant Application)
- Determine what documents and information are required to submit an application to financial institutions.
- Work with merchants to obtain the necessary documents.
- Store documents in your preferred data storage facility.
Merchant Application Form Support
- Prepare an application package to be presented to partner financial institutions.
- Fill in the application forms with the information received from the merchant (i.e. registered name, directors, shareholders, processing history, etc.)
- Submit an application package to the partner financial institutions.
Merchant Application Monitoring
- Contact the financial institution regarding the status of the application.
- Identify any additional documents/information required by the merchant.
- Ensure an application will conclude – and follow through to the next steps.
KYC (Know Your Customer)
- Identify who are the Ultimate Beneficial Owners (UBOs).
- Support in resolving false positives in KYC checks.
- Perform PEP and sanctions list and 2+2 database check.
- Validate documents and carry out completeness and accuracy checks.
Website Compliance Review
- We help you verify the website, refund terms and policies, PCI compliance, check the associated URLs for mobile commerce and much more based on card scheme rules.
KYB (Know Your Business)
- We carry out a review of financial reports, a credit check and a review of corporate affiliations.
- We help in verifying operational address check, VMAS and MATCH check, Bank statement reviews, identifying merchant category codes (MCC).
- We carry out AML documentation and corporate ownership structures.
See our modular services come to life.
Learn how our clients leveraged our Onboarding as a Service and improved the quality of their service.